To the Point
The president and the economy: winners and losers
As the stock market hits the highest level it's ever been, President Trump is celebrating what's often used as a measure of the US economy. But the devil is always in the details. Stocks are rising partly due to corporations buying back their shares at record low interest rates -- instead of creating new jobs or increasing wages.
By Warren Olney • • 1 min readAs the stock market hits the highest level it's ever been, President Trump is celebrating what's often used as a measure of the US economy. But the devil is always in the details. Stocks are rising partly due to corporations buying back their shares at record low interest rates -- instead of creating new jobs or increasing wages. Ten percent of Americans are in on the good news. Ninety percent are being left behind. The president has promised help for those "forgotten Americans" — so, why tax cuts for corporations and shareholders?
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The full episode
2 of 3President Trump touts a booming economy- 1:28Trump to support high-skilled immigrants over families
- 8:04The president and the economy: winners and losersYou’re reading this
- 41:53Landmark Tunisian law aims to protect women from violence